SkyView Investment Advisors LLC Trims Holdings in United Parks & Resorts Inc. $PRKS

SkyView Investment Advisors LLC lowered its stake in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 86.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 19,257 shares during the period. SkyView Investment Advisors LLC’s holdings in United Parks & Resorts were worth $143,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PRKS. ABS Investment Management LLC purchased a new position in shares of United Parks & Resorts during the 2nd quarter worth $2,387,000. Hawk Ridge Capital Management LP acquired a new position in shares of United Parks & Resorts during the 1st quarter valued at about $51,094,000. Hsbc Holdings PLC purchased a new stake in shares of United Parks & Resorts in the fourth quarter valued at about $1,416,000. BlackRock Inc. purchased a new stake in shares of United Parks & Resorts in the second quarter valued at about $171,560,000. Finally, Great Lakes Advisors LLC acquired a new stake in United Parks & Resorts during the second quarter worth about $2,384,000.

Insider Activity

In other news, insider Christopher Finazzo sold 6,622 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.20, for a total value of $292,692.40. Following the sale, the insider directly owned 123,663 shares of the company’s stock, valued at approximately $5,465,904.60. The trade was a 5.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

United Parks & Resorts Trading Up 0.5%

Shares of NYSE:PRKS opened at $36.66 on Tuesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 3.43 and a beta of 1.14. United Parks & Resorts Inc. has a 12-month low of $28.77 and a 12-month high of $55.71. The business has a 50-day moving average price of $43.91 and a 200 day moving average price of $39.84.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Tuesday, August 4th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.33). The company had revenue of $483.32 million during the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. As a group, equities research analysts predict that United Parks & Resorts Inc. will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho set a $51.00 target price on shares of United Parks & Resorts in a research note on Wednesday, August 5th. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Barclays raised their price target on shares of United Parks & Resorts from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Guggenheim lifted their price target on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parks & Resorts presently has an average rating of “Hold” and an average target price of $46.90.

About United Parks & Resorts

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.